Basic Attention Token (BAT) Losses The Level Of $0.19200 Just After Acquiring It

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Ayush Malviyahttps://www.thecoinrepublic.com/
Ayush Malviya has recently joined as a technical market reporter for Thecoinrepublic- the Leading cryptocurrency news site. He believes that there is a broad scope in Crypto market and blockchain. Thats why he loves to gather knowledge about it and like to analyse the market pattern.
  • Basic Attention Token was climbing up with a sharp positive divergence but then slipped down. 
  • The BAT/BTC pair is performing positively with the gain of 0.57%, bringing the level to 0.00002134.

Basic Attention Token (BAT) Prices were continuing its sharp and positive momentum but the level of $0.192000 came really hard for them.

With the help of $0.18500 prices did develop a positive nature in the market and it also acquired the resistance level of $0.019200.

Prices are falling down just after acquiring the crucial resistance level of $0.192000. Due to the strong resistance level prices also loses the crucial levels like $0.191000, $0.190000, and might loose$0.189000.

BAT manages to continue and add on more pace in this climb after falling down in yesterdays’ trade due to the strong resistance of the price level $0.19200 it goes into the vein.

As for now the Basic Attention Token prices are falling down and looking weak to put a halt on this, as for now, prices are developing a tendency to fall further.

As it is the second time prices are falling down in the two consecutive days.

Current market capital of BAT is $275,943,764 USD with volume traded of $103,236,509 USD and circulative supply is at 1,457,527,137 BAT.

Basic Attention Token Price Analysis

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bat1
Source:tradingview

The Basic Attention Token technical chart shows that prices are making a gradual fall with the overall bearish momentum in all aspects.

As they are able to maintain an upsurge along with the bulls only for short bursts that are not being impactful.

Technical Indicators are showing an increase in buying volume according to the Kraken. As the prices manage to make a breakout and continuing with that pattern.

MACD levels are showing continuous bearish momentum with an increase in the selling volume of the Basic Attention Token.

Bears are establishing a strong presence in RSI with the negative momentum and falling towards the region of 50.

CCI is trading in the normal region after suffering negative fall as a pump and dump pattern also appeared.

Resistance Level $0.189700

Support Level  $0.188500

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